Tag Archives: Boston

A day after Boston Beer shares were drilled again amid a second straight earnings warning at the hands of a slowdown in the hard seltzer market, most analysts are staying cautious on the stock at least until 2022.  “Even if the news is an immediate negative, we think management is attempting to be more transparent about what it is seeing after getting significant pushback from investors last quarter. Ultimately, it should help the stock to stabilize and find its bottom, but we don’t expect… Source link

Step aside hard seltzer — Boston Beer Company (SAM) is partnering with Pepsi to add another drink to its portfolio, a spiked version of Mountain Dew. On Tuesday, the company announced its partnership with PepsiCo (PEP) to deliver HARD MTN DEW, with 5 percent alcohol. The boozy beverage will come in three flavors: original, black cherry and watermelon, and is expected to hit shelves in early 2022.  “The worlds of beer, spirits, wine, and even non-alc beverages are all starting to converge… Source link

Bottom line: The hard seltzer boom is over. Shares of Boston Beer crashed 20% in pre-market trading on Friday as the maker of Truly hard seltzer and Sam Adams badly whiffed on its earnings expectations and slashed full-year guidance. The culprit: Execs overestimated the potential of the hard seltzer market, which continues to slow amid rising competition and people returning to bars coming out of the COVID-19 pandemic as Yahoo Finance has reported.  “We overestimated the growth of the hard… Source link

A top Federal Reserve policymaker cautioned that skyrocketing home prices could jeopardize progress on recovering the millions of American jobs lost in the pandemic. Federal Reserve Bank of Boston President Eric Rosengren told Yahoo Finance Friday that the hot real estate market is “not at a point where we should be panicked.” But Rosengren said the Great Depression and other downturns were examples of economic expansions that died at the hands of a real estate bubble. “The last thing we… Source link

Eric Rosengren, president of the Federal Reserve Bank of Boston, spoke with Yahoo Finance to discuss inflationary pressures and what lies ahead for Fed policy. Below is a transcript of his appearance on June 25, 2021. – BRIAN CHEUNG: Joining us now here on Yahoo Finance is the president of the Federal Reserve Bank of Boston, Eric Rosengren. It’s great to see you, President Rosengren. I want to kick off our conversation as Alexis was saying, a lot of eyes are on Federal Reserve policymakers. But… Source link

HARVARD, Mass. — Caroline Charland, a 12-year-old girl from Harvard, is a finalist for a national Google competition. The seventh-grader illustrated a book on how kids can handle COVID-19 stress. Caroline has now qualified for the national “Doodle for Google” contest. If she wins, she receives a college scholarship and her school receives a $50,000 technology package from Google. It’s a public vote. Voting ends Friday at midnight. Download the free Boston 25 News app for up-to-the-minute… Source link

The shot rimmed out. Hands snapped to heads. South Carolina’s Aliyah Boston sank to the floor. And after the most dramatic of Final Four finishes, after inches separated heroism and heartbreak, Stanford players bounded toward their bench. They leapt into one another’s arms. Haley Jones, who’d hit the game-winning jumper, celebrated as jubilantly as anyone. Then she looked across the court, and paused. A few dozen feet away, she saw a dear friend. A friend she communicates with almost… Source link

BOSTON (CBS) — The Celtics have a new player on deadline day, adding some much-needed shooting in Magic swingman Evan Fournier. The 28-year-old Frenchman confirmed the reported deal with a tweet early Thursday afternoon. However, do not follow his instructions. Just don’t do it. Not around lunch time — or ever. Hi @celtics fans,If you’re not familiar with me, please Google my last name. You’re welcome.? — Evan Fournier (@EvanFourmizz) March 25, 2021 Google “Evan Fournier”… Source link

(CNN) — Leaders of five historically Black colleges and universities met with Google CEO Sundar Pichai on Friday to discuss the company’s relationship with the schools in the wake of anti-HBCU-graduate discrimination allegations made by a former Google employee. On December 21, ex-Google diversity recruiter April Curley tweeted that she had been fired by the company in September after repeatedly raising concerns about how the tech chain evaluates black college graduates. In… Source link

(CNN) — Google Maps will soon display locations that offer Covid-19 vaccinations, further bolstering awareness of the virus — and how to avoid it. The feature is rolling out in the coming weeks, beginning in four states: Arizona, Louisiana, Mississippi and Texas. Google announced Monday that searches for “vaccines near me” have increased five fold since the beginning of the year and it’s implementing this feature to ensure it’s “providing locally relevant answers.” The… Source link